Safeguards Assessments of Central Banks (SAC)
Source details
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- Safeguards Assessments of Central Banks (SAC)
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Bibliographic details
- Published: July 30, 2025
Upcoming offerings
| Start date | End date | Location | Delivery Method | Session No. | Primary & (Interpretation) language | Apply |
|---|---|---|---|---|---|---|
| November 9, 2026 | November 13, 2026 | Ebene, Mauritius | In-person Training | AT 26.30 | English (French, Portuguese) | Apply online by October 2, 2026 |
Overview
- The Training Program Course "Safeguards Assessments of Central Banks (SAC)" is designed to give central bank officials interactive exposure to the IMF safeguards assessment methodology.
- The course emphasizes central bank governance and highlights the importance of independent oversight, transparency, and accountability for improving financial safeguards.
- The course provides a forum for central bank staff to exchange views on experiences in reinforcing safeguards and governance frameworks and dealing with emerging issues.
Teaching methods and topics covered
- Interactive lectures.
- Discussions.
- Case studies.
- Crucial assessment areas addressed:
- External and internal audit mechanisms.
- Financial reporting.
- The system of internal controls.
- Management of international reserves.
- Reporting of monetary data to the IMF.
- Concepts underlying autonomy and good governance in central bank legislation.
Target audience
- Central bank officials serving on governance and oversight bodies.
- Senior central bank staff responsible for:
- Accounting.
- Financial reporting.
- Auditing.
- Risk management.
- Internal control.
- Legal operations.
- Reserve management operations.
Qualifications for participants
- Expected educational or professional background:
- University or postgraduate degree in accounting, business, economics, finance, or law.
- Or professional certifications in auditing (chartered or certified public accountants, internal auditors, information systems auditors).
- Or professional certifications in finance (certified financial analysts).
Course objectives (learning outcomes)
Upon completion of the Training Program Course "Safeguards Assessments of Central Banks (SAC)", participants should be able to:
- Assess the strengths and vulnerabilities of their central bank's safeguards and governance frameworks.
- Identify specific steps to improve financial safeguards.
- Use leading practices for central banks in the areas of good governance, central bank autonomy, accountability, and transparency.
- Describe and explain the requirements of the IMF safeguards policy and the importance of implementing safeguards recommendations.